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Inflation rate declines a bit to 8.5% in July as gas prices drop

Name: Inflation rate declines a bit to 8.5% in July as gas prices drop
Uploaded: 2022-08-10T12:02:02-0400
Duration: 4 min 46 s
Description: The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.

The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.